Jul. 29 at 12:45 AM
Foremost Clean Energy Ltd.
$FMST $1.44 (8h)
Bearish Flow: Price action continues to respect a defined macro downward channel on the 8h timeframe, with heavy supply overhead capping any relief rallies and sellers maintaining control of the trend structure. 🐻 ⚠️
Bull Key Level:
$1.54 (Bull confirmation to break out of the descending channel and invalidate near-term downside pressure) 🐂 🔥
Bear Key Level:
$1.42 (Major support floor to hold; breakdown opens the door for a deeper structural flush) 🐻 📉
Targets:
$1.60 /
$1.75 💰 📉
Why: The technical structure remains heavy within a persistent descending channel. Unless buyers can reclaim and hold above the immediate
$1.54 resistance shelf, the path of least resistance favors continued downside testing toward macro lows.
#fmst #mining #optionsflow #stocktrading #hovdid